Thursday, October 7, 2010

Intel 2010 Options - Oct 10

On 07/14/10 Sold 101016 19P for .52 after commission.

Best Case - Option Expires worthless making 2.7% return ($.52/$19.00) over 3 months or over 10% annualized.

Worst Case - Add to INTC position at a price of about $18.50 which is well below the target acquisition price of $20

Result: Stock failed to move positively despite initial good earnings. Subsequent warning coming from weak PC demand dropped the price even below the $19 exercise price. However, the stock did bounce back over the $19 by options expiration resulting in best case outcome

No comments:

Post a Comment